Kiel Working Papers, Kiel Institute for World Economics
No 1065:
Economic Impact of Climate Change: Simulations with a Regionalized Climate-Economy Model
Oliver Deke, Kurt Georg Hooss, Christiane Kasten, Gernot Klepper and Katrin Springer
Abstract: Climate change affects the physical and biological system
in many regions of the world. The extent to which human systems will suffer
economically from climate change depends on the adaptive capabilities
within a region as well as across regions. We use an economic
General-Equilibrium model and an Ocean-Atmosphere model in a regionally and
sectorally disaggregated framework to analyze adaptation to climate change
in different regions of the world. It turns out that vulnerability to
climate impacts differs significantly across regions and that the overall
adjustment of the economic system quite reduces the direct climate
impacts.
Keywords: Climate Change, Computable General Equilibrium Model, Integrated Assessment Framework, Impact Modelling, Ocean-Atmosphere Model.; (follow links to similar papers)
JEL-Codes: D58; O13; O41; Q17; Q24; R53; (follow links to similar papers)
102 pages, July 2001
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